Mzinga Raises $32.5 Million, Acquires Prospero - Burlington, MA

Mzinga, a Burlington-based collaboration and customer relationship management software for businesses, has raised $32.5 million in venture capital, led by W Capital Partners. Part of the funds is being used to acquire Prospero, a Littleton-based social media provider with a focus on the media, entertainment, and publishing sectors. Terms between the two privately held firms were not disclosed. Mzinga has about $30 million in annual revenue and more than 125 enterprise customers, including ABC, AOL, ESPN, CBS.com, iVillage, Chevron Corporation and Johnson & Johnson.

http://www.mzinga.com/en/AboutUs/News/Press/20080303_Mzinga_Acquires_Prospero.asp